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Dec 30, 2012
12/12
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. >> he was trying to name three government agencies to cut. >> i can't, oops. >> this is a president who talks about lowering taxes as he raises them. >> 9-9-9. >> game on. >> tied at the top of the iowa caucus. >> the people of iowa spoke so i have decided to stand aside. >> thank you, new hampshire! >> mitt romney scored a decisive victory. today he thursday south carolina obama. on president >> the south carolina surprise, newt gingrich wins. >> we will suspend our campaign effective today. we are not done fighting. >> mitt romney is the winner in texas. >> mitt romney now has 30 more delegates than he needs to win the republican nomination. >> my running mate and the next vice president of the united states, paul ryan. >> mitt romney took his new running mate for a test drive in nascar country. way.lp is on the >> all i'm asking is that we go back, folks like me, the top 2%, go back to the rates we paid under bill clinton. >> i'm not going to shut up. it's my turn. >> i accept your nomination for president of the united states! >> you must vote and you must re-elect president bar
. >> he was trying to name three government agencies to cut. >> i can't, oops. >> this is a president who talks about lowering taxes as he raises them. >> 9-9-9. >> game on. >> tied at the top of the iowa caucus. >> the people of iowa spoke so i have decided to stand aside. >> thank you, new hampshire! >> mitt romney scored a decisive victory. today he thursday south carolina obama. on president >> the south carolina surprise, newt...
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Dec 28, 2012
12/12
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WUSA
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. >> and this endless deadlock, this complete failure to compromise on seemingly anything and to govern -- >> the american people have spoken, and they've basically voted for the status quo. the president got re-elect, the senate is still in democratic hands and the house is still in republican hands. the american people have spoken. >> if there is no deal income tax cuts and payroll tax cuts are scheduled to expire at the end of the year. 2 million jobless americans lose their unemployment benefits. the president and congress impressional leaders from both parties are scheduled to meat at the white house at 3:00 tomorrow to try to find some way out of this mess. they have met at the white house before to try to find some way out of this mess, and every single time they did that, they did not find a way out of this mess. if past is prologue, derek, get out your wallet. >> well, gary, as the mess, as you describe it, looms closer and closer, what do you really want to know about this fiscal cliff? join us tomorrow for 9news at 5:00. we'll have an expert here to begin to answer your quest
. >> and this endless deadlock, this complete failure to compromise on seemingly anything and to govern -- >> the american people have spoken, and they've basically voted for the status quo. the president got re-elect, the senate is still in democratic hands and the house is still in republican hands. the american people have spoken. >> if there is no deal income tax cuts and payroll tax cuts are scheduled to expire at the end of the year. 2 million jobless americans lose...
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Jan 1, 2013
01/13
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government has announced plans to build a new frederick douglas memorial bridge. the projected price tag is $660 million. construction would start in 2015. d.c. mayor vincent gray says in the long run, a new bridge would save taxpayers money over the cost of making repeated repairs to the existing bridge which is 63 years old. the uglas memorial bridge handles about 70,000 commuters every day as they cross the anacostia river. >>> you can't really complain about the weather today. olga has the forecast. she's out on our weather terrace and she tells us that we can expect some nice weather, maybe a little bit of showers this afternoon. right, olga? >> reporter: that's right. i'm still tracking a storm system passing mainly south of us. so far we've been dry. the potential is later on this afternoon until about the 3:00 or 4:00 hour, we could see a sprinkle with the cloud cover, though, our temperatures have been consistent. right now we're at 44 degrees. that's where we've been for about two hours. we're pretty much going to sit right where we are interest the afte
government has announced plans to build a new frederick douglas memorial bridge. the projected price tag is $660 million. construction would start in 2015. d.c. mayor vincent gray says in the long run, a new bridge would save taxpayers money over the cost of making repeated repairs to the existing bridge which is 63 years old. the uglas memorial bridge handles about 70,000 commuters every day as they cross the anacostia river. >>> you can't really complain about the weather today. olga...
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Dec 26, 2012
12/12
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. >> reporter: the government indicted golden hands' owner, on 50 counts, including extortion and theft. >> you can get off the property now. >> reporter: for "good morning america," elisabeth leamy, abc news, washington. >> now, the attorney for the company's owner told us, mr. leaven is a small businessman who feels he did the best work he could under the confusing regulations and difficult circumstances and deadlines. but those pictures, that video, speaks volumes. >> it certainly does, about many things. >>> time, now, for another look at the weather. and our sam champion. samuel? >> we've been concentrating on the middle of the country, the east coast. let's now look west, folks. this has been a very snowy time period, as well. start with these pictures near the tahoe area. seven feet of snow since friday. six resorts have had snow depths of over 100 inches in the west. it is gorgeous, though. we have two brand-new systems moving in. this is going to create a little bit of a mess as they move across the country. they have cold air in the middle of the country to go with it. let's d
. >> reporter: the government indicted golden hands' owner, on 50 counts, including extortion and theft. >> you can get off the property now. >> reporter: for "good morning america," elisabeth leamy, abc news, washington. >> now, the attorney for the company's owner told us, mr. leaven is a small businessman who feels he did the best work he could under the confusing regulations and difficult circumstances and deadlines. but those pictures, that video, speaks...
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Dec 29, 2012
12/12
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KGO
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we have a crisis of self-government right now. to be real clear about it. this is a time bomb that congress set. nobody wants to see frustration cuts. but that's the stick they put to their own head as a way of compelling a deal to get done. and a deal doesn't get done. we're not even aiming for the grand bargain that is necessary to reduce long-term deficits and debt. we're going to get a patch and be here again in two months. congress can't get out of its own way. we keep setting our own traps. >> john, we appreciate the clarity, even if it's depressing. thank you very much. >>> a lot of other news developing overnight. for that, let's check in, as always, with mr. ron claiborne. >> hi, dan, bianna. we begin in australia, with a confrontation with a shark. it cost a surfer two fingers and a chunk of his leg. the 29-year-old was surrounded by a pod of dolphins when the shark attacked yesterday. >> my legs. >> and witnesses say the man used his surfboard to fight off the shark. but the shark bit off two of his fingers. >>> and police in new york city are se
we have a crisis of self-government right now. to be real clear about it. this is a time bomb that congress set. nobody wants to see frustration cuts. but that's the stick they put to their own head as a way of compelling a deal to get done. and a deal doesn't get done. we're not even aiming for the grand bargain that is necessary to reduce long-term deficits and debt. we're going to get a patch and be here again in two months. congress can't get out of its own way. we keep setting our own...
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i.r.a.s and 401(k)s, the government is increasing taxable contributions every year so for i.r.a.s, it was $5,000, now it's $5500 per year and for 401(k)s, it's jumping 3% to $17,500 per year. the advice here you want to do as much as you can. we know the story that people are not planning well enough for retirement so take advantage. it's a tax deduction. >> speaking of planning how about money-saving tips? we could use those. >> my biggest tip for anyone trying to erase debt, save more is to stick with cash. credit cards are very convenient. but cash limits you physically and also psychologically. when you pay with cash at the restaurant or at the department store -- >> it hurts more. >> it hurts and that's a good thing if you're trying to get into that behavior of sticking to a budget and i'm getting out of debt. >> words of wisdom, farnoosh torabi, happy new year. >> you too. >> words of wisdom indeed. >>> so many of us meanwhile, make the resolutions of this new year to get healthy. now in our january jump-start we're kicking off 2013 with tips to make this your best year and dr.
i.r.a.s and 401(k)s, the government is increasing taxable contributions every year so for i.r.a.s, it was $5,000, now it's $5500 per year and for 401(k)s, it's jumping 3% to $17,500 per year. the advice here you want to do as much as you can. we know the story that people are not planning well enough for retirement so take advantage. it's a tax deduction. >> speaking of planning how about money-saving tips? we could use those. >> my biggest tip for anyone trying to erase debt, save...
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Jan 1, 2013
01/13
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or don't like that one, but the basic constitutional responsibility of the government is actually to have a budget. and a budget is the manifestation of your priorities generally speaking. that's the one thing that would just be great if we actually did. >> here we are where we're trying to sit down with our budgets and figure out what our priorities for the year, how are we going to live a little bit below our means so we can grow wealth and our government can't figure out a budget. >> i'd like it if they did that. >> my advice is deal with your own financials. >> good luck with that. one down, one to go. will the house go along with the fiscal cliff deal hammered out by the white house and the senate earlier this morning? we're going to have a live report from washington just ahead. >> you can watch us any time on your desk top or mobile phone. go to cnn.com/tv. look what mommy is having. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. with th
or don't like that one, but the basic constitutional responsibility of the government is actually to have a budget. and a budget is the manifestation of your priorities generally speaking. that's the one thing that would just be great if we actually did. >> here we are where we're trying to sit down with our budgets and figure out what our priorities for the year, how are we going to live a little bit below our means so we can grow wealth and our government can't figure out a budget....
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Dec 24, 2012
12/12
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with their votes the american people have determined governing is a shared responsibility between both parties. in this congress laws can only pass with support from democrats and republicans and that means nobody gets 100% of what they want. everybody's got to give a little bit. gregg: we have a republican strategist and former aide to president george w. bush. mark hannah, a democratic strategist and a former obama campaign aide. good to see you both. mark, most in washington seem to agree we should not fall off the fiscal cliff but they can't agree how to avoid it. if the president can't get that passed, is there any hope for the rest of his agenda or is it just going to be four more years of bickering and sniping and gridlock and recriminations? >> i don't think you hear any i can aboutering and sniping on the president's part, but, no, to answer your question i think there is a lot of hope. season of hope after all. i want to wish you, gregg, a merry christmas and didi and heather. there is lot of hope for the american people. it is fact of the matter we are entrenched in this sor
with their votes the american people have determined governing is a shared responsibility between both parties. in this congress laws can only pass with support from democrats and republicans and that means nobody gets 100% of what they want. everybody's got to give a little bit. gregg: we have a republican strategist and former aide to president george w. bush. mark hannah, a democratic strategist and a former obama campaign aide. good to see you both. mark, most in washington seem to agree we...
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Dec 26, 2012
12/12
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and they're not going to, basically, get employment and income with government assistance and subsidies alone. you have to grow the economy, and nothing this president's done in four years has meaningfully done that. let's go back to the point that says the republicans are intractable. they agreed to $1.2 trillion in new revenue. john boehner from the very beginning put 800 billion in revenue on the table. the president was known to say, well, that's mine. i get that one for free. i don't have to give anything in return. the president in addressing a deficit added $1.6 trillion in new spending. gregg: yeah. >> so who are we joking right now? the president has never taken the spending side of this equation seriously, which is why we don't have a deal. republicans have put their necks on the line supporting new revenues, the president's not coming through. gregg: senator barrasso said the president does want to go over the cliff, because he wants to punish republicans. is there something to that? >> i don't think there's anything to that, but the reality is that if he wants to get anythin
and they're not going to, basically, get employment and income with government assistance and subsidies alone. you have to grow the economy, and nothing this president's done in four years has meaningfully done that. let's go back to the point that says the republicans are intractable. they agreed to $1.2 trillion in new revenue. john boehner from the very beginning put 800 billion in revenue on the table. the president was known to say, well, that's mine. i get that one for free. i don't have...
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Dec 27, 2012
12/12
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envoy calling for a transitional government run the country in order to end the conflict. russia's foreign minister mixon grimmer marks of such a plan actually working, saying that it still necessary to reach a peaceful solution. leland vittert has more on this. reporter: the russian foreign minister said that he feared that syria could turn into a bloody chaos that there was not some kind of negotiated settlement. many looking at the video that we see every day now coming out of syria. syria is already in a bloody chaos. more than 40,000 people killed. so far in this uprising. the death toll continues to rise every day. the rebels are now starting to gain momentum a little bit. pushing into damascus, some of the other larger cities. at the same time, the regime is growing more desperate and shelling of civilian areas and those kinds of things for the only lasswell might be the russians, who at some point could break away from this and getting their own traction. president bashir max as he is not leaving. the violence continues and we are at an impasse. there is now an inc
envoy calling for a transitional government run the country in order to end the conflict. russia's foreign minister mixon grimmer marks of such a plan actually working, saying that it still necessary to reach a peaceful solution. leland vittert has more on this. reporter: the russian foreign minister said that he feared that syria could turn into a bloody chaos that there was not some kind of negotiated settlement. many looking at the video that we see every day now coming out of syria. syria...
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Dec 28, 2012
12/12
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we want something done through the government. and if nothing gets done you will see the market come down, or i should say if something small gets done that is not what we need. in a few months we revisit this once again. you also have the debt limit ceiling we're looking at the end of the year as well there is so much going on. if we kick this down the road we'll lose complete confidence in the government. they will sit on money, they will not spend and recession is inevitable. >> s&p has been up. all other markets have pretty much been up on the year. do you think people who are checking their 401(k)s and what not, the pension plans, they don't really appreciate perhaps the gravity of what is about to hit them? >> no, they don't. most people surprisingly when you ask them how well they have done with their 401(k), they think they have done terrible but when they open their statements at end of the year they will be pleasantly surprised. one of the thing people have they have been scared and on the sideline. people making money a
we want something done through the government. and if nothing gets done you will see the market come down, or i should say if something small gets done that is not what we need. in a few months we revisit this once again. you also have the debt limit ceiling we're looking at the end of the year as well there is so much going on. if we kick this down the road we'll lose complete confidence in the government. they will sit on money, they will not spend and recession is inevitable. >>...
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Dec 31, 2012
12/12
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just our dysfunctional government. arthel: there was anoint the speech that may antagonize house republicans. >> last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans, but obviously the agreement that's being struck would raise those rates and raise them permanently. >> there was to tepid applause. it was suppose to be an official white house event but it was almost a campaign event and people were cheering. they are turning republican compromise into spiking the football in their face while there is a lot of uncertainty still about whether this deal is going to get done. what does that accomplish? all it does is anger republicans more while this is still a tentative scenario. which is why i go back to my initial comment. i don't know what the president was hoping to accomplish in a protective way with that performance and maybe it would have been wise for him -- i understand he wants to use his bully pulpit. but while we have this agreement in flux it might have
just our dysfunctional government. arthel: there was anoint the speech that may antagonize house republicans. >> last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans, but obviously the agreement that's being struck would raise those rates and raise them permanently. >> there was to tepid applause. it was suppose to be an official white house event but it was almost a campaign event and people were cheering. they are turning...
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Dec 28, 2012
12/12
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and that would force the government to pay dairy farmers much higher prices for their milk, pushing costs up all across the board. >>> another day, another upbeat report on the rebounding housing market. sales of new homes jumped 4.4% between october and november. the fastest pace in more than 2 1/2 years. overall, new home sales are up 15% over the past year. >>> and still, with the economy, a sign of the rebounding u.s. auto industry. ford will spend more than $750 million to expand a half-dozen manufacturing plants in michigan. that will create more than 2,300 jobs and save 3,000 others. it's part of the company's commitment to invest $6.2 billion in its u.s. plants and create 12,000 jobs by 2015. >>> there are movie flops. and then, there's the 2012 film that's the biggest flop of all-time. christian slater's indy cop horror film "payback" grossed a total of $264. box office mojo crunched the numbers and found that "payback" played in one theater last spring. if you're counting, that means a couple dozen people decided to buy tickets. >> you know who you are who bought tickets to see
and that would force the government to pay dairy farmers much higher prices for their milk, pushing costs up all across the board. >>> another day, another upbeat report on the rebounding housing market. sales of new homes jumped 4.4% between october and november. the fastest pace in more than 2 1/2 years. overall, new home sales are up 15% over the past year. >>> and still, with the economy, a sign of the rebounding u.s. auto industry. ford will spend more than $750 million...
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Dec 25, 2012
12/12
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in 2012 the american people may have voted for status quo in governing but don't expect it in governance of the if the president believes he has the upper hand and people will blame the republicans if we two over the fiscal cliff i happen to believe they will blame everybody and the president is not going to escape liability for not leading us through this crisis, because after all, this is a manufactured crisis, created by the very people who are charged now it solve it to refuse to solve it. so they're just kicking the can down the road. let's not forget in 2013, we have another crisis looming and that is the debt ceiling. kelly: exactly right. let's remind people what this fiscal cliff is really all about. we're talking about automatic tax cuts that will go into place as well as drastic, draconian cuts in entitlement programs, medicare, and even the military. the military can suffer very greatly if this goes through the sequestration. if you look at all this, you realize something has got to be done, because $2,000 per average taxpayer will be added to them over the course of this yea
in 2012 the american people may have voted for status quo in governing but don't expect it in governance of the if the president believes he has the upper hand and people will blame the republicans if we two over the fiscal cliff i happen to believe they will blame everybody and the president is not going to escape liability for not leading us through this crisis, because after all, this is a manufactured crisis, created by the very people who are charged now it solve it to refuse to solve it....
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Dec 29, 2012
12/12
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what says the arizona government? >> well, part of senate bill 1070 which originally was not enjoined provides if you're otherwise involved in criminal activity it's a crime to knowingly transport or harbor an illegal alien. now, illegal movement people, people not here legally is incremental involved in some of our most dangerous crimes, drug smuggling, human smuggling, sex trafficking, and one police chief gave an affidavit everyone they had for running drugs was here illegally. and it comes within our original police powers under the cues. recently there was a change by the judge who originally would not give an injunction because the 11th circuit declared similar laws unconstitutional in alabama and-- it's gone to the 9th circuit. the mexican government filed a brief saying that we're interfering with the federal monopoly on international relations because mexico disgross with our law. that's a dangerous argument. a lot of countries disagree with our laws, a lot of countries disagree with capital punishment and a
what says the arizona government? >> well, part of senate bill 1070 which originally was not enjoined provides if you're otherwise involved in criminal activity it's a crime to knowingly transport or harbor an illegal alien. now, illegal movement people, people not here legally is incremental involved in some of our most dangerous crimes, drug smuggling, human smuggling, sex trafficking, and one police chief gave an affidavit everyone they had for running drugs was here illegally. and it...
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Dec 29, 2012
12/12
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our government is spending way too much money. we need to cut back on spending, cut -- >> arthel: where? >> look at the entitlement programs, for example. there's a lot of waste, fraud, and abuse going on there. that is not even on the table. and so listen, we can cut our expenses in our country that is spleeningful and very important for us to do because right now, they're just kicking the can down the road and it's not going to help our economy. >> arthel: waste, fraud and abuse, where? because when regular folks at home hear cut my entitlement, you're looking at the older people when are looking at their medicare or medicaid benefits being affected. >> there is a significant amount of waste, fraud and abuse going on in medicaid and medicare. so that is something i think a needs to be addressed. that's something that has not been looked at. i think that is part of our problem. >> arthel: michael, you get the last word. >> i don't think you need to hold up the tax issue on the spending. the congress has the power of the purse str
our government is spending way too much money. we need to cut back on spending, cut -- >> arthel: where? >> look at the entitlement programs, for example. there's a lot of waste, fraud, and abuse going on there. that is not even on the table. and so listen, we can cut our expenses in our country that is spleeningful and very important for us to do because right now, they're just kicking the can down the road and it's not going to help our economy. >> arthel: waste, fraud and...
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Dec 29, 2012
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the people wanted government to work and for people to work together. there was a very short period of time when the speaker came back and he's meeting with the president and he said, maybe these children have actually grown up, with all due respect. now here we are. what are we going to do, pray? new year is tuesday? these consequences would be terrible. you've got working people whose paychecks would get eaten into. you got people who would pay higher taxes who can barely afford it now. unemployment benefits running out. this is just not okay for them to be sitting in their separate corners trying to figure out who is going to win and who is going to lose 'cause everybody is going to lose. >> kelly: it is incredulous to sit back and watch what's happening on capitol hill. but of course, there are other dynamics, as you know, involved in this long debate over the fiscal cliff. for example, how will all of this, susan, affect the leadership of house speaker john boehner who has not been able to get a consensus among his fellow democrats in the house and
the people wanted government to work and for people to work together. there was a very short period of time when the speaker came back and he's meeting with the president and he said, maybe these children have actually grown up, with all due respect. now here we are. what are we going to do, pray? new year is tuesday? these consequences would be terrible. you've got working people whose paychecks would get eaten into. you got people who would pay higher taxes who can barely afford it now....
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Dec 30, 2012
12/12
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if you are going to use it for more government spending we don't want a part of it. senator mcconnell on the republican side seemed to get frustrated because he felt like the democrats were slow walking the th, 18 hours without a response. mcconnell made a call to a well known senator, joe biden to see if he could help. >> we're willing to work with whoever can help. no single issue remains an impossible sticking point. a sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: as senate aide says it was designed to try to jumpstart the talks and consequences of getting a tax increase is a huge concern. >> gregg: what went awry in these talks? >> you heard senator thune. a fiscal cliff deal is a new way calculating inflation that would lower social security payments. democrats say they would do it as part of much bigger deal but it was off the table for the smaller deal they are working on. so democrats called it a poison pill. >> at some point, negotiating process, it appears there are things that stopped us from
if you are going to use it for more government spending we don't want a part of it. senator mcconnell on the republican side seemed to get frustrated because he felt like the democrats were slow walking the th, 18 hours without a response. mcconnell made a call to a well known senator, joe biden to see if he could help. >> we're willing to work with whoever can help. no single issue remains an impossible sticking point. a sticking point appears to be a willingness and interest or frankly...
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Dec 30, 2012
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it's equal branchings of government. they control two-thirds and it takes three to tango, the senate, white hussein. >> eric: terrific debate. >> heather: who is leading in the tango, that's what we don't know. congressional leaders are trying to come up with that deal, with less than two days before massive tax hikes and spending cuts kick in and small businesses are already being affected. companies have no idea how much more they are going to owe uncle sam next year. that is affecting how they are doing business right now. we have those details from the new york city newsroom. >> reporter: many small, owners are hesitating to expand, for fear their bottom line will suffer as the fiscal cliff looms and congress can't seem to compromise. the owner of an internet marketing company is concerned that the change in tax rates will hurt his ability to hire. he says the uncertainty is making him run his business defensively, making decisions based on business already coming in because he can't risk losing it all. >> knowing th
it's equal branchings of government. they control two-thirds and it takes three to tango, the senate, white hussein. >> eric: terrific debate. >> heather: who is leading in the tango, that's what we don't know. congressional leaders are trying to come up with that deal, with less than two days before massive tax hikes and spending cuts kick in and small businesses are already being affected. companies have no idea how much more they are going to owe uncle sam next year. that is...
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Dec 30, 2012
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the government's broken. we need to fix it but we need to have public debates. one side puts a plan on the table, like the house has done, they have passed two budgets, with proposals to save medicare for future generations. senator harry reid has not passed budgets. president obama's budgets have been voted on 3 times, the final vote tally, 0-610. so getting back to your first question, have i seen a plan out of this president that would be an obvious yes from us? i haven't seen any specific plan. all i have seen is demagoguery and a few numbers thrown out, whether it's $800 billion over 10 years or $1 of revenue for $3 of spending cuts, but nothing specific that we need to see to hammer this thing out. >> he says the onus is on congress, this is your job to get done. he said in the clip we just had, if it doesn't get done, the people who are going to pay are the senior who is will lose out on benefits that they are enjoying. is that an accurate representation of what will happen? >> no! this country needs presidential leadership. the house has passed two budge
the government's broken. we need to fix it but we need to have public debates. one side puts a plan on the table, like the house has done, they have passed two budgets, with proposals to save medicare for future generations. senator harry reid has not passed budgets. president obama's budgets have been voted on 3 times, the final vote tally, 0-610. so getting back to your first question, have i seen a plan out of this president that would be an obvious yes from us? i haven't seen any specific...
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Dec 26, 2012
12/12
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we're likely to see much bigger government long term. we're not likely to deal with entitlement reforms as we need to do. as you suggest the president is pushing some short-term spending increases often in washington turn into long-term spending increases. gregg: but, steve, bill kristol, conservative, you know what, time to throw in the towel. you do not want to get blamed for raising taxes on 98% of americans. >> right. gregg: right? >> look, bill kristol is my boss and editor at "the weekly standard" and one of most handsome and well-regarded editors in the country as everybody knows. look, i think he was making what was, in effect a practical case. there are people who are making this case behind the scenes. you have seen, he said, get it over with. move beyond this. there are others saying absolutely not. republicans can't cave on the principle of raising tacks. i think interesting thing in what happened last week that you have seen a turn, and it is first time i've seen a sliver of potential good news for the republicans and that i
we're likely to see much bigger government long term. we're not likely to deal with entitlement reforms as we need to do. as you suggest the president is pushing some short-term spending increases often in washington turn into long-term spending increases. gregg: but, steve, bill kristol, conservative, you know what, time to throw in the towel. you do not want to get blamed for raising taxes on 98% of americans. >> right. gregg: right? >> look, bill kristol is my boss and editor at...
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, overspending government. it is about ready to hit its debt ceiling the president might have won this election but he didn't win the authority to write a blank check to continue to spend and spend and spend, to hit the debt ceiling and then go blowing through it. there may not be much conversation in washington between speaker boehner and president obama but the democrats control two third of this government. they might think about having a conversation among themselves, the senate and the president, to bring something that might have a chance of resolving these problems and maybe, they better think more about cutting spending before coming to us for more money. gregg: you know what, doug? karl rove wrote an op-ed in "the wall street journal" which he basically says, the president think it is all about him. the more mr. obama makes everything about him, the more stubborn he is likely to be when flexibility would be better. success requires adjustments, including a greater willingness to compromise and seek com
, overspending government. it is about ready to hit its debt ceiling the president might have won this election but he didn't win the authority to write a blank check to continue to spend and spend and spend, to hit the debt ceiling and then go blowing through it. there may not be much conversation in washington between speaker boehner and president obama but the democrats control two third of this government. they might think about having a conversation among themselves, the senate and the...
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that is bad way to run the government. gregg: mary katherine, no way to run a government but we've been saying that for 200 years. and i have too. but, mary katherine, look, what does it say about boehner's leadership, when he can't even get a vote on his own plan? >> no, i think that was a good opportunity for republicans to pass something. i think many of them made a mistake in foiling that plan because i think it was a decent one that had good points even though they obviously didn't get everything they wanted. i still think this could go either way. you guys point out this is no way to run a government and hasn't been for 200 years. i argue part of the reason we get into these situations a lot more often past couple years, one, we're running out of the money. two because democrats in the senate have failed to engauge even semblance of a regular budget process. i would like to bring that back sometime in the near future. regardless i think this could go either way next couple days. it is encouraging they're meeting. it
that is bad way to run the government. gregg: mary katherine, no way to run a government but we've been saying that for 200 years. and i have too. but, mary katherine, look, what does it say about boehner's leadership, when he can't even get a vote on his own plan? >> no, i think that was a good opportunity for republicans to pass something. i think many of them made a mistake in foiling that plan because i think it was a decent one that had good points even though they obviously didn't...
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so, you know, what makes this government work is compromise. when you don't compromise there is stasis. we have had enough of that for too long. >> reporter: the president says if biden and mcconnell can't cut a deal the senate will vote on extending tax cuts for families making less than $250,000 a year and basically force republicans to go the politically risky route voting against it, gregg. gregg: essentially that means taxes are definitely going to go up? >> reporter: it seems the only question is the income cuttoff. now vice president biden is said to be about 100,000 a year apart. biden is willing to preserve tax cuts for families making up to $450,000. mcconnell holding out for $550,000. a year. south carolina senator lindsey graham is not happy about it. >> in 2010 we extend the all the tax cuts because the economy was weak. in 2012, 2013, we're not going to extend the tax cuts the economy is weaker. i don't understand the economics but i do understand the politics. the president won. the president campaigned on raising rates. he will
so, you know, what makes this government work is compromise. when you don't compromise there is stasis. we have had enough of that for too long. >> reporter: the president says if biden and mcconnell can't cut a deal the senate will vote on extending tax cuts for families making less than $250,000 a year and basically force republicans to go the politically risky route voting against it, gregg. gregg: essentially that means taxes are definitely going to go up? >> reporter: it seems...
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run against government. >> jehmu is exactly right. rick: dee dee, last word here. 10 seconds. >> the fat cats are not getting it done. we need to forget rid of them. forget it. it is not a good deal. we need to do what is right for the american people and this ain't it. rick: happy new year. happy and healthy. see you again real soon. heather: amateur video capturing a harrowing moment whether a rescue helicopter crashes into the water off of a crowded beach in brazil. take a look. police say that this chopper was trying to rescue a drowning swimmer when it suffered engine failure. you can see what happened next. look, plunging into the ocean. well the good news the crew managed to escape before the helicopter began to sink. the four crewmembers and the stranded swimmer, by the way all able to swim to shore. they survived with minor injuries the helicopter was later recovered by the local fire department. rick: meantime a new year's eve celebration in the ivory coast in africa turns deadly. at least 61 people were crushed to death, 20
run against government. >> jehmu is exactly right. rick: dee dee, last word here. 10 seconds. >> the fat cats are not getting it done. we need to forget rid of them. forget it. it is not a good deal. we need to do what is right for the american people and this ain't it. rick: happy new year. happy and healthy. see you again real soon. heather: amateur video capturing a harrowing moment whether a rescue helicopter crashes into the water off of a crowded beach in brazil. take a look....
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while it seems silly and petty right now is about the fundamental difference, the role of government in americans' lives. lower taxes versus more of a social safety net. and every time they come close to an agreement, it falls apart because they have a fundamentally different idea on the issues. they have this divide in america, randy. >> so what happens next? how likely is it that we'll go over the fiscal cliff? i'm curious about the mood in washington right now. >> there is an increase in optimism because of the mood out of that meeting today. but i still would say the people who are -- placing bets in this town still expect that the nation will go over the fiscal cliff. so still a little bit more hope than what we woke up this morning, but no one is counting on being off on new year's eve. >> randy. >> jessica, thank you, more now on the raw politics, good to see you both. cornell, let me start with you here, the president said he wanted to see a straight up or down vote. as we mentioned that could happen in the senate. we could lose the up or down vote. >> you are going to see so
while it seems silly and petty right now is about the fundamental difference, the role of government in americans' lives. lower taxes versus more of a social safety net. and every time they come close to an agreement, it falls apart because they have a fundamentally different idea on the issues. they have this divide in america, randy. >> so what happens next? how likely is it that we'll go over the fiscal cliff? i'm curious about the mood in washington right now. >> there is an...
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it's about the role of government in americans' lives. lower taxes versus more of a social safety net. and every time they come close to a deal, it falls apart because they have this fundamental disagreement about ideas. that's how we got here. they cannot agree on this basic notionation over this idealogical divide in america. >> what happens next? how likely it is we will go over the fiscal cliff. i'm curious what the mood is like in washington, d.c. right now? >> there's an infinitesimal improvement in washington because of the meeting today, but i still would say the odds, the people placing bets in this town still expect that the nation will go over the fiscal cliff. still a little more hope than when we woke up this morning, but no one is counting on being off on new year's eve. >> jessica, thanks. more now on the raw politics with "new york times" columnist raffle, and cornell belcher. the president said he wanted to see a straight up or down vote. as we mentioned, that will happen on monday in the senate. he could lose that up or
it's about the role of government in americans' lives. lower taxes versus more of a social safety net. and every time they come close to a deal, it falls apart because they have this fundamental disagreement about ideas. that's how we got here. they cannot agree on this basic notionation over this idealogical divide in america. >> what happens next? how likely it is we will go over the fiscal cliff. i'm curious what the mood is like in washington, d.c. right now? >> there's an...
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significant, possibly devastating budget cuts coming down to certainly state and local governments, not a good thing. and so this seemingly bad game of chicken, you know, this is not some schoolyard game here. this is about people's lives, it's about their livelihoods, it's about the future of cities, it's about programs that need the dollars to provide services that the citizens want and expect is lack of doing your job. and so congress, it seems to me, should be flying, literally, back into session to get things done. the marketplace will not reward this inactivity, but more importantly, the psychological confidence that citizens and the business community should have about the ability of congress and washington to actually get stuff done will, again, be shaken. it was mentioned, jonathan mentioned earlier, you mentioned earlier summer of 2011, a useless debate about whether or not we should raise the debt ceiling, had been done 36 times, but we had to have an inane debate about that. now it's the fiscal cliff. and whether or not across the board cuts should be made to all kinds of se
significant, possibly devastating budget cuts coming down to certainly state and local governments, not a good thing. and so this seemingly bad game of chicken, you know, this is not some schoolyard game here. this is about people's lives, it's about their livelihoods, it's about the future of cities, it's about programs that need the dollars to provide services that the citizens want and expect is lack of doing your job. and so congress, it seems to me, should be flying, literally, back into...
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, that we actually pay our bills as a government, that we find a balanced approach going forward. john boehner knows the votes from some of the republicans and some of the democrats can happen. and he's been unwilling to do that. >> do you think it's good -- >> it's hurting this country. >> is it good at this point in the process for harry reid to go on the senator floor and bash speaker boehner? does that not send a message this close to the deadline? >> he's trying to make it clear and i'm trying to make it clear that john boehner can't just say i'm not in there. of course, he is a player in this. if he does not work with the senate, work with the president and, again, the president has time and time again said we have some common ground here. if the republicans do agree, and they say they do, that they do not want to see tax rates go up on the american people, well, the president said let's make sure that we vote on that. 98% of americans can be protected from a tax increase. we can protect seniors under medicare by making sure that 30% cut to the providers don't go through. th
, that we actually pay our bills as a government, that we find a balanced approach going forward. john boehner knows the votes from some of the republicans and some of the democrats can happen. and he's been unwilling to do that. >> do you think it's good -- >> it's hurting this country. >> is it good at this point in the process for harry reid to go on the senator floor and bash speaker boehner? does that not send a message this close to the deadline? >> he's trying to...
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potentially the 12th hour at this point. >> government at its finest. i think that's in the government 101 class. wait until the last possible minute. thank you, kristen. as you can see, folks, if you are looking at the screen, these are, as john harris mentioned, earlier who is still with me, these are what we believe to be middle class americans that president obama will speak in front of. we are within literally minutes. we believe we have the two minute warning here on the president, so we expect him to be out soon. john, just quickly, because we are close here, kristen mentioned pr campaigns. the president, as you say, campaign style approach to this entire debate different many some ways than certainly economic stimulus, and a little bit different than health care. is this lessons learned from those two fights? >> i think it's partly that, and i think he has learned, look, he has public leverage, but he doesn't necessarily have private leverage. he doesn't have republican votes in the house. you use what weapons you have as a president, and the pu
potentially the 12th hour at this point. >> government at its finest. i think that's in the government 101 class. wait until the last possible minute. thank you, kristen. as you can see, folks, if you are looking at the screen, these are, as john harris mentioned, earlier who is still with me, these are what we believe to be middle class americans that president obama will speak in front of. we are within literally minutes. we believe we have the two minute warning here on the president,...
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the syrian government is ready to talk with its opponents. now russian's foreign minister is calling on syria to make good on the offer. they are working with egyptian diplomats. russia expects to meet a senior american diplomat next month on the issue. >>> "stormin' norman has died. retired general norman schwartzkopf died of complications from pneumonia. he spent his entire life in the military. in vietnam, he rescued a wounded soldier by marking land mines with shaving cream. he later commanded the american- led coalition in the first iraq war. schwartzkopf was 78. >>> 5:37 now. police say a police officer who lives in antioch returned to his home to find three burglars inside the house. it happened on wednesday night. the officer tried to chase the suspects but stopped when one of them fired a shot into the air. apparently with a gun stolen from that officer's home. >> it appears to be random. like many cities in the bay area, our residential burglaries are on the rise and have been for quite some time. >> last month an officer in brentwo
the syrian government is ready to talk with its opponents. now russian's foreign minister is calling on syria to make good on the offer. they are working with egyptian diplomats. russia expects to meet a senior american diplomat next month on the issue. >>> "stormin' norman has died. retired general norman schwartzkopf died of complications from pneumonia. he spent his entire life in the military. in vietnam, he rescued a wounded soldier by marking land mines with shaving cream....
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. >> well, some local governments had even higher taxes in the bay area. taxes in el cerrito and union city are now at 9.5%. >>> 5:50 now. marijuana clubs are starting to pop up in the state of colorado. at least two have opened up less than a month after the governor signed into law a constitution amendment allowing recreational marijuana use. one: 00 says 200 people -- one club says 200 people have already signed up and paying the $30 admission fee. they have to bring their own drugs. as long as it's not sold, it's legal in colorado. where do they get it? >> let's not ask. >>> if you partied hard last night we have the magic veggie to cure your hangover. we'll tell you about that. >> maybe your new year's resolution is hitting the gym. meet a couple that plans to run a marathon every day this year. wow. >> you're going to meet them. ,, ,,,, new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for those bright
. >> well, some local governments had even higher taxes in the bay area. taxes in el cerrito and union city are now at 9.5%. >>> 5:50 now. marijuana clubs are starting to pop up in the state of colorado. at least two have opened up less than a month after the governor signed into law a constitution amendment allowing recreational marijuana use. one: 00 says 200 people -- one club says 200 people have already signed up and paying the $30 admission fee. they have to bring their own...
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recently sued by the government following the death of five infants, the cpsc says its makers are unable or unwilling to issue a recall. so major retailers have now voluntarily recalled the product including amazon and baby bibs are us. home depot is recalling a mug. its silver handle is a fire hazard in the microwave. and think twice before packing away papyrus framed christmas ornament and trees with your decorations. mold spores have been discovered on the products posing serious health risks for some. other recalls include disney hoodies with lead paint in the zippers and lg washing machines that could cause injury or damage your home. for a full lives recalls and for a link to the check 'n go refund claim form head to cbssf.com/consumerwatch. >>> a waterfront villa in belvidere goes on the auction block this sunday. >> we have a starting price -- starting price -- $25 million! cbs 5 reporter don ford has a look at the luxuries state and what it takes to be the very first owner. >> reporter: it's one of the finest homes in the country. quite possibly one of the finest view homes in t
recently sued by the government following the death of five infants, the cpsc says its makers are unable or unwilling to issue a recall. so major retailers have now voluntarily recalled the product including amazon and baby bibs are us. home depot is recalling a mug. its silver handle is a fire hazard in the microwave. and think twice before packing away papyrus framed christmas ornament and trees with your decorations. mold spores have been discovered on the products posing serious health...
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try and hammer out a last- minute plan to avoid billions of dollars in automatic tax increases and government spending cuts set to kick in january 1. a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board says its consumer price index fell sharply for the second month. >>> a potential dock worker strike is possible on the east and gulf coast which threatens to cost the nation's economy billions. more than 14,000 longshoremen are ready to walk off the job sunday. a strike would shut ports from boston to houston. those ports move as much as 100 million tons of goods each year including everything from flat screen tvs, sneaker and snow shovels. >>> the housing market shows new signs of rebounding. the commerce department says sales of new homes increased by about 4.5% in november from the month before. that's the fastest pace in two years. >>> and that's your moneywatch. for more, stay with cbsmoneywatch.com. back to you. >> thank you. >>> with all the snow falling in the sierra, avalanche concerns are on the minds o
try and hammer out a last- minute plan to avoid billions of dollars in automatic tax increases and government spending cuts set to kick in january 1. a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board says its consumer price index fell sharply for the second month. >>> a potential dock worker strike is possible on the east and gulf coast which threatens to cost the nation's economy billions....
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and we have a debt limit and the funding of government. all of that is going to come together in february or early march. so it's likely to be a difficult spring here in washington. >> thank you, congressman for joining us live on washington, d.c. >> good luck. >> thank you. happy new year to california. >> happy new year. >>> well, about a million people from all over the world got the times square treatment as new york's huge crystal ball dropped into the new year. a lot of kissing going on, too. one of the panels on the ball had ding clark's -- dick clark's name engraved on it. this was the first new year's celebration since the host died this past year. >> here back at home no fog this year to block out the fireworks. it's beautiful, huh? it was a perfectly clear night. the fireworks along the waterfront that shot from treasure island looks like. a lot of people showed up for about a 15-minute display jammed the streets near the embarcadero they tried to get home when it was all over. some are still here working their way out. but ther
and we have a debt limit and the funding of government. all of that is going to come together in february or early march. so it's likely to be a difficult spring here in washington. >> thank you, congressman for joining us live on washington, d.c. >> good luck. >> thank you. happy new year to california. >> happy new year. >>> well, about a million people from all over the world got the times square treatment as new york's huge crystal ball dropped into the new...
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-- fund the government for 3 days. sdwlsz -- >> president omaba insists his plan on the table is fair. >> we just can't afford a self-inflicted wound to our economy. >> if sunday's negotiations don't pan out the president says he's ready to propose his own scaled back bill that would block increases for all by the wealthy and preserve expiring unemployment benefits. >> with the deficit ticking higher patience is wearing thin. >> for those of us who invest in the stock market it's disgusting to watch them play around with our money. >> missing in all the last minute negotiations is talk of the 1.2 trillion in mandatory spending cuts scheduled to go into effect tuesday. >>> three people are dead after a late night apartment fire in san jose. the fire began just after 11:00 last night on bridge port court. they discovered the bodies of a man, a woman and a child. >> whenever you have calls that people are trapped we're automatically going to upgrade that alarm, maybe sure we have a person in place to perform those rescues
-- fund the government for 3 days. sdwlsz -- >> president omaba insists his plan on the table is fair. >> we just can't afford a self-inflicted wound to our economy. >> if sunday's negotiations don't pan out the president says he's ready to propose his own scaled back bill that would block increases for all by the wealthy and preserve expiring unemployment benefits. >> with the deficit ticking higher patience is wearing thin. >> for those of us who invest in the...
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. >> the president's tax hook would only fund the government for eight days. americans deserve to know what is the president -- what does the president propose we do for the other 357 days of the year. >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president said he's ready to propose his own scaled-back bill that would block tax increases for all but the wealthy. and preserve expiring unemployment benefits. with the deficit ticking ever higher, patience is wearing thin. >> for those of us who invest in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 trillion of mandatory spending cuts scheduled to go into affect today. tara mergener for cbs news, washington. >>> former president george h.w. bush is 88 years old and sent to the hospital last month in hous
. >> the president's tax hook would only fund the government for eight days. americans deserve to know what is the president -- what does the president propose we do for the other 357 days of the year. >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president said he's...
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government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >> reporter: long lines would be the least of the problems. under the mandatory cuts of the fiscal cliff, the federal aviation administration would lose $800 million, and more than 2,000 air traffic controllers. fewer controllers mean fewer planes moving passengers and cargo. warns the air traffic controllers association. >> fb's pocketbook and livelihood is tied to the aviation system, so the impact of the aviation system not being able to provide the service that they do today would be devastating. >> reporter: if washington can't reach a compromise, the economic recovery could s
government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >>...
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the government reported 350,000 americans filed for unemployment benefits last week. that's down 12,000 from the week before. the four-week average of 356,000 is the lowest in nearly five years. and there are signs that companies are beginning to step up their hiring. american airlines is one of them. it's being flooded with applications. we asked mark strassmann to tell us about the people applying right now for work. >> reporter: american airlines announced in october it was hiring 1,500 new flight attendants. 20,000 applicants responded-- so many, american stopped taking resumes after eight days. these candidates had to pass a telephone interview before being invited this month to the airline's world headquarters in fort worth. ( applause ) >> i was unemployed for over a year. >> reporter: yoon eom is 25, a college grad and a new u.s. citizen, but in this room, she had a competitive edge-- she speaks english, spanish and her native korean. >> they're launching a direct flight to korea starting in may, and i was like, "oh, my gosh. this is my only chance!" >> report
the government reported 350,000 americans filed for unemployment benefits last week. that's down 12,000 from the week before. the four-week average of 356,000 is the lowest in nearly five years. and there are signs that companies are beginning to step up their hiring. american airlines is one of them. it's being flooded with applications. we asked mark strassmann to tell us about the people applying right now for work. >> reporter: american airlines announced in october it was hiring...